Ranking and selection criteria.

CFR · 2024-01-01 · US · Title 7

(a) (1) The project must involve an owner and a development team with qualifications and experience sufficient to carry out development, management, and ownership responsibilities, and the owner and development team must not be under investigation or suspension from any government programs; (2) The project must involve the financing of a property located in an eligible rural area; (3) Demonstrate a readiness, for the project to proceed, including submission of a complete application for a loan guarantee and evidence of financing; (4) Demonstrate market and financial feasibility; and (5) Include evidence that the credit risk is reasonable, taking into account conventional lending practices, and factors related to concentration of risk in a given market and with a given borrower. (b)

official document · source cfr-2024 · id 7:§ 3565.5